Unexpectedly Intriguing!
July 23, 2015

Via Barry Ritholtz, we were impressed by the following chart from Bloomberg indicating at "when your city became unaffordable", as measured by percentage of the income earned by a typical 22-to-34 year old American worker within a given major U.S. city would have go to pay the typical rent in that city:

When Your City Became Unaffordable - Source: Bloomberg - http://www.bloomberg.com/news/articles/2015-07-15/the-exact-moment-big-cities-got-too-expensive-for-millennials

So we tweaked one of our favorite charts to go along the data shown in the chart above so that it covers the same period of time.

U.S. Trailing Twelve Month Average of Median New Home Sale Price vs Trailing Twelve Month Average of Median Household Income, Annual Data Spanning 1980 through 2014, with Monthly Data from December 2000 through May 2015

Draw your own insights!

Data Sources

U.S. Census Bureau. Median and Average Sales Prices of New Homes Sold in the United States. [Excel Spreadsheet]. Accessed 8 July 2015.

U.S. Census Bureau. Income, Poverty, and Health Insurance in the United States: 2011. Current Population Survey. Annual Social and Economic Supplement (ASEC). Table H-5. Race and Hispanic Origin of Householder -- Households by Median and Mean Income. [Excel Spreadsheet]. 19 September 2014. Accessed 19 September 2014.

Sentier Research. Household Income Trends: May 2015. [PDF Document]. Accessed 8 July 2015. [Note: We've converted all data to be in terms of current (nominal) U.S. dollars.]

References

Clark, Patrick. The Exact Moment Big Cities Got Too Expensive for Millennials. Bloomberg. [Online Article]. 15 July 2015. Accessed 22 July 2015.

Labels: ,

About Political Calculations



blog advertising
is good for you

Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:

ironman at politicalcalculations.com

Thanks in advance!

Recent Posts

Applications

This year, we'll be experimenting with a number of apps to bring more of a current events focus to Political Calculations - we're test driving the app(s) below!

Most Popular Posts
Quick Index

Site Data

This site is primarily powered by:

This page is powered by Blogger. Isn't yours?

Visitors since December 6, 2004:

CSS Validation

Valid CSS!

RSS Site Feed

AddThis Feed Button

JavaScript

The tools on this site are built using JavaScript. If you would like to learn more, one of the best free resources on the web is available at W3Schools.com.

Other Cool Resources

Blog Roll

Market Links
Charities We Support
Recommended Reading
Recommended Viewing
Recently Shopped

Seeking Alpha Certified

Archives
Legal Disclaimer

Materials on this website are published by Political Calculations to provide visitors with free information and insights regarding the incentives created by the laws and policies described. However, this website is not designed for the purpose of providing legal, medical or financial advice to individuals. Visitors should not rely upon information on this website as a substitute for personal legal, medical or financial advice. While we make every effort to provide accurate website information, laws can change and inaccuracies happen despite our best efforts. If you have an individual problem, you should seek advice from a licensed professional in your state, i.e., by a competent authority with specialized knowledge who can apply it to the particular circumstances of your case.